Everything Is Coming Up Roses For Tesla

Plenty of people predicted the demise of Tesla by now. Others thought the Model 3 would break the company. I’ll admit to having some doubts. But as things sit now, everything’s coming up roses for the California automaker.

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Instead of struggling to meet the surge of Model 3 orders, Tesla is actually expanding its production facilities. Four more Gigafactories are in the works, with one in Buffalo, New York and the other sites TBA. Model 3 production is set to fire up in July, reaching 5,000 cars a week in September. That would mean the company makes 25,000-35,000 by the end of December. That’s not too shabby.

Tesla also just released Q4 2016 earnings, and they’re better than most analysts expected. Revenue was $2.28 billion. Vehicle deliveries in the fourth quarter went up 27 percent. First-half deliveries are being forecast at a 71 percent increase over last year.

All this, after the NHTSA ceased investigating Autopilot crashes. Things are going great for Tesla, and will probably continue that way as the Model 3 launches.